Globalization And The Transnational Spread Of People And Information

1071 Words Mar 14th, 2015 null Page
As globalization continues to increase, many countries and their individuals become affected by what globalization has entailed. Globalization is the interdependence and interconnectedness of countries in which worldwide exchange of money, goods and services occur (Ravelli and Webber 2015. 371). As well, it is also responsible for many social arrangements based on geographic location due to the transnational spread of people and information (Ravelli and Webber 2015. 371). Technological innovations has enabled and promoted worldwide trade, creating more efficient and faster transportation of goods and social and cultural exchange (Ravelli and Webber 2015. 376). Economic factors of globalization such as the expansion of trade and the emergence of international banking have promoted Western capitalist ideals (Ravelli and Webber 2015. 394-395). Globalization has ambiguous results but are there more positive or negative effects of globalization on individuals? Nations and economies have become increasingly interdependent and interconnected (Ravelli and Webber 2015. 373). Globalization has allowed countries to become easily accessible to a variety of goods at minimum costs. Globalization creates free trade where countries can buy or sell their goods and services without tariffs or other barriers. The coffee you bought this morning could be traced back to Ecuador or Colombia, or the clothes you buy might have been made in China or Indonesia (Ravelli and Webber 2015. 373). Without…

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